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Found 16 results

  1. My partner was dismissed from work in Dec 2016 for gross misconduct - theft of employee. They had him say in statements that it totalled to over £22k (unsure if it was RLP or employer) but only £13k was documented on partners papers and £60 on CCTV. Police were called, he was taken into custody. No charge or bail. Some amount was recovered that night. He missed his summoning due to moving cities and they never updated the system, so he handed himself in after he received a phone call in which he was then escorted to magistrates - plead no contest at his solicitors reques
  2. Hi all, As this is probably quite an uncommon question, I don't know if anyone can help. I currently receive ESA contribution based, in the support group. I also have two small pensions which total less than £85 per week so I have no deductions for them. From next month (I will be 55!!!) I will be entitled to a further very small pension which would still keep me below £85 per week total, but I am considering just taking the whole lot as a lump sum (about £15K) to pay off the remaining mortgage. What I'm worried about is how DWP will view this - would it be considered capital and t
  3. philmycoke

    lump sum

    hi guys, my friend is getting lump sum money maybe 6 to 9k. He will get it from pakistan. he intends to put the cash into deposit account. he is worried about tax man finding out, his family tax credits etc. what is the safe method of putting money into the account before the tax man hangs her and forgets google, starbucks and microsoft. someone suggested to him, put 1k into the account per week or its safe upto 5k at a time. Ali
  4. Am I correct that the prescribed terms for a fixed sum variable rate consumer credit act agreement is: a amount of credit b interest rate c amount of payment Credit £25,000 Interest £9.319,57 applied at 4.5% above banks base rate 5% payments £408.68 x 84 Theres no total amount payable as this could alter due to an interest change throughout the time of the agreement. However, the amount of credit plus the interest applied to the credit do NOT equal the initial monthly payment? £25,000 plus £9.319.57 = £34,319.57 divide by 84 payments = £408.56 This pa
  5. Hi, we have a suspended repossession order from 2010 (when my partners ex wife was still on the mortgage, she is now no longer) and we have fell into arrears of 6100 over the 5 year period due to unemployment. We made a partial payment in august last year and missed a payment in November last year other than that we have maintained our mortgage payments and have been paying some off the arrears each month for nearly 2 years, now the Halifax have said they are going to be seeking an eviction date if we don't pay £3000 by the 28th of this month. We have kept them informed of the paymen
  6. I have been repaying my tax credit overpayment (from 2011-2013) at an agreed rate for the past 3 years & have another 7 to go I may be on a position to clear the remaining debt with a lump sum payment in the next few months - does anyone know what happens then? Will I drop off the Tax Credits system? (I no longer qualify to claim due to income) or Will they assume I have access to endless cash & check claims prior to 2011 (they already know I can't prove an alternative address for my ex husband for this time) in the hope of reclaiming more money? Also, as I was charged a pe
  7. Hi Everyone, Newbie here who found this website whilst googling for information on F & F debt settlement offers. I'm looking for some advice please, on our next course of action. My husband and I jointly have 5 debtors, one of whom is our son. We used some of his inheritance money to try and pay off credit card debts when I was made redundant, something we are both deeply ashamed to admit. In 2010 we sought the help of the CAB who arranged a debt management plan with our debtors. We have been paying minimal amounts ever since as we have virtually no disposa
  8. Hi guys, i have a BPF fixed sum loan agreement which was taken out for purchase of an ex demo car from Hippo Car Leasing. The agreement is in my mothers name due to her having better credit than me, The problem is, i now want to sell the car and believe that under Fixed Sum Loan agreements, it shouldn't be secured against the car but a personal loan. I have HPI'd the car, and finance is showing on the car? I do not want to trade it in at a dealer, as it will have negative equity of around 3-4k as the mileage ive used is quite a bit more than normal. Basically what im a
  9. I had action taken against me by a bank for mortgage arrears and they took me to court and obtained a money judgement on a sum of money. They won and were given a Possession Order and MJ on the outstanding balance of the mortgage.. Included in that figure were a lot of legal costs many of which I do not feel I owe. Rather than be evicted I sold up and had to pay the whole lot so the Possession Order was never effectively enforced. However, the pressure they put upon us was very traumatising and that in itself forced us into selling our home of 15 yrs. My Questio
  10. Hi I took out a fixed-sum unsecured loan with HSBC back in October 2007 which was covered by the Consumer Credit Act 1974. It was for 5 years (60 payments) and finished October 2012. I had heard about them owning up recently to problems with statements and was talking to someone at work who recalled the Northern Rock problem with statements not stating original amount borrowed. decided to dig out my annual statements and loan agreement. Mine doesn't have the original amount borrowed on just opening balance and the payment and closing balance.
  11. We received our renewal notice for our house and contents insurance and of course it has gone up in price. Looking through the schedule we noticed that the house is insured for £400k. As the value of the house is about half that we thought we could save money by reducing it to a more reasonable level of say £250k. We phoned the the insurance company R.S.A. who run the scheme for the West Brom. only to be told that £400k was the min. sum insured that they would cover. It seems to us that this is a bit of a [problem] to obtain more premium/commission. Does
  12. Got what maybe a little problem. My friend and his family he lives with are pretty rich who have a fair number of properties and commercial properties (2 they use them self and 1 other they lease out). They are pretty rich but was desperate to purchase another property and they was a little short of money in a short space of time in their bank accounts. So my friend asked me for 10k to be transferred into his account and on the day of transfer he will repay me 10k which he did (in cash as he receives mainly cash from his company sales) Now a week later he was pretty desperate and sai
  13. I am finally getting my bottom into gear and paying of my debts (hence the many posts I have already posted or will post) I owe a company call Credit Solutions £170.93 If I am to call them up and say I am willing to pay off my debt right away but I want it reduced will they do it ? I am thinking of trying to get them down to half of what my debt is worth. They did write to me a few months back to pay of my debt at a reduced rate but I was not in a financial position to do it, So I know it is an option. Has anyone tried this ? Has it worked ?
  14. hi experts, i am soon to be retired on ill health grounds and am allowed to take my pension early. my first question is - if i take the 25% lump sum will it have an effect on my benefit entitlements which are currently child tax credit and contribution based employment support allowance for which i am in the support group. my second question is - i have a capital value of £63000 built up in the pension but the transfer rate i have been quoted is £84000. shouldn't these figures be the same? regards
  15. Hi Guys - Fairly new to this posting malarky so i'm expecting a good response from those who know: I took out a loan from Welcome Finance some 6 years ago now and fell behind with repayments on the loan shortly before this PPI scandal kicked off. Pretty sure most of the debt is now paid off however I've had a letter from Empingham chasing me for just under 3k to which clearly I dont have. I was sold PPI at the time of the loan to which i told was a condition of acceptance. I've SAR'd these con merchants and they've sent me a copy of the agreement with my signature on it. My question is ho
  16. Hi, Mum and I are in the process of being paid out for a home insurance claim. Obviously when we receive this payment it will take our bank accounts way over the acceptable limit for benefits. All of the amount (well over 8K) is to pay for our own builders to complete the work to our property. Do we need to inform DWP. Any advice welcome.
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